Non Executive Directors are meant to be there to keep executive directors in check on behalf of other shareholders. That applies if you are dealing with an honest CEO or a psycopathic fraudster such as Rob Terry of Quindell (QPP) infamy who now runs the Knob Park Ponzi. So which NED's keep the old crook in check?
The tawdry tale of fraud involving Canadian listed penny dreadful Biosign (as of 2 weeks ago bust) and fraudster Rob Terry is finaly drawing to a close. Terry has fessed up to the final chapter on his lamentable Knob Park blog.
Quob Park Health Limited was incorporated on 31 March 2016, but thus far there is no sign of Rob Terry being directly involved. Not on the surface, anyway, but digging a little deeper there are a few links. One wonders what is going on?
I have to date reported four companies to the Financial Reporting Council asking it to investigate accounts which I believe to be fraudulent and or misleading. So where am I with these four and what is the common thread?
The demise of Motive TV (MTV) & the Slater & Gordon (SGH) car crash were obvious triggers for some of the stupidest folks on this planet to talk shite on Bulletin Boards last week. On some threads (LSE Asylum Worthington WRN being a case in point) no trigger is needed for idiocy. There were numerous splendid entrants for last week's BBM of the week as you can see HERE but there could only be one winner.
We covered the total fraud that was Quindell's (QPP) dealings with Canadian listed company Biosign - a fraud the new management has tried to paper over - HERE . You will never guess what has happened now.
Quindell Financial Services is alive again! Yes the vehicle ex CEO Rob Fielding used to trouser a £2 million hidden bung is back from the dead. After having been struck off by Companies House on 17 November 2015 it has been restored back on the register of companies on 3 February 2016. Would this have occurred without Shareprophets persistent questioning of Lord Michael Howard on 21 November 2015 (HERE). Perhaps not as you shall see.
I exposed the massive panama pump fraud at TMC Southern and Quindell (QPP) back in August 2014 and Quindell/Watchstone (WTG) now admits I was 100% right - having first said it would sue me for libel. It would be appreciated if the new management might apologise for that. Now we have some answers as to why TMC has not been struck off despite now being late on THREE sets of accounts. Companies house and I have swapped emails.
The fraud that created nearly all of the fictional profits reported by Quindell (QPP) in 2011 was the panama pump involving Mark Ford's TMC Southern. I exposed it HERE in August 2014, got a fascist lawyers letter in response, and Quindell admitted that my allegations were correct in the summer of 2015. But still Rob Terry and his pal Mark Fraud are trying to cover up this ford. Check out Companies House HERE
Himex was the biggest fraud in the Quindell (QPP) Augean stable but until now the scale of that fraud totalling hundreds of millions of pounds has remained hidden because Himex has now FINALLY filed accounts. The company has now changed its name to Hubio Solutions Ltd and snuck out accounts - on my Birthday - which the Serious Fraud Office will just love. It is bad news for Rob Terry but also for Watchstone as it exposes the myth pushed by the bulls that its ongoing businesses have any value.
Yesterday Quindell (QPP) fraudster Rob Terry announced that his Knob Park vehicle had spun out a new subsidiary ( which is this still controlled by Mr 2+2 can = 5) , Quob Park Technologies and that "Quob Park Estate (the parent), along with its partners, will be providing advice around the company’s future development strategy, fundraising and corporate financing activities, including any potential IPO". Rob you are avin a bubble.
It was announced yesterday morning that fraudster Rob Terry’s Quob Park Estate Limited (QPE) had sold its entire holding in AIM-listed Imaginatik (IMTK) to a company called Quob Park Technologies Limited (QPT). The RNS went on to say that QPT is controlled by QPE – ie Rob Terry. But there is rather more to this than meets the eye, including some bizarre Companies House filings which see a shareholder called Quindell plc emerge in August of this year. Time for a dose of Tom Winnifrith’s mushrooms? Aciiiiiiiiiiiiid.
Fraudster Rob Terry's new outfit in Hampshire, Quob Park Estate, has been at it again - issuing shares on the same day at very different prices. No doubt the recipients of the confetti wll be delighted with their purchases.
I can reveal exclusively that class action lawyers Your Legal Friend has today sent its letter of claim to Watchstone Group (WTG) -formerly Quindell (QPP) - on behalf of an initial claimant group of 342 retail investors.
The Sunday Times today reports that the Serious Fraud Office has demanded boxes of documents and emails from Cenkos, the Nomad to Quindell (QPP) as part of its enquiry. Let me assist you Gents, for Cenkos actively worked to protect this fraud as the AIM regulation team knows full well. You see...I was inadvertently cc'd in on emails between Cenkos and the chocolate teapots.
We know that the old board at Quindell (QPP) serially mislead and lied to investors as it committed wholesale fraud. Most of that board is now awaiting arrest by the Serious Fraud Office. But now to the NEW board, I have today written to the FCA and AIM Regulation asking whether it mislead investors on August 5 2015 in a material way with regard to its Himex subsidiary
Twelve times, by email and by twitter I asked former Tory leader Lord Michael Howard of Quindell (QPP) why the new board was trying to bury evidence of the fraud committed by the old board by not filing accounts for Quindell Financial Services – the vehicle ex CEO Rob Fielding used to half inch almost £2 million in a sham deal with convicted Nigerian fraudster Andrew O’Dua. Lord Howard has now responded to THIS article and my question. Sadly his answer is er...not factually accurate.
